What is the principal payment

Assignment Help Financial Accounting
Reference no: EM132490370

Completer the first month of the amortization schedule for a fixed-rate mortgage.

Mortgage: $101,000

Rate: 8.5%

loan: 20 years

Question 1: What is the Total payment?

Question 2: What is the Interest Payment?

Question 3: What is the Principal Payment?

Question 4: What is the Balance of Principal

Reference no: EM132490370

Questions Cloud

What is the rate of vibrato in cycles per second : The Leslie Speaker on a Hammond organ incorporates a loud speaker in the form of a horn about 20cm long spinning st a rate of 400rpm
Determining the density of the al : Use the yield strength determined for the three materials, determine which will be the lightest to carry a given load of, for example, 250 N.
Is the statement correct : "Sales doubled in 5 years. This represents a growth of 100% in 5 years; so dividing 100% by 5, we find the growth rate to be 20% per year." Is statement correct
What is the wheel angular speed : A remote-controlled car's wheel accelerates at 22.1 rad/s2. If the wheel begins with an angular speed of 11.0 rad/s, what is the wheel's angular
What is the principal payment : Completer the first month What is the Total payment? What is the Interest Payment? What is the Principal Payment? What is the Balance of Principal
Calculate the net present value : Additional annual net cash flows from repair work $3,000. Calculate the net present value, ignoring the additional benefits described by Rick
Derive an expression for the time tmax : Consider the three component decay chain in which N2(0) = 0. Derive an expression for the time tmax at which N2(t) reaches a maximum.
What is comfy home net cash from operating activities : The company did not take out any new loans, but paid off part of an existing loan with cash. What is Comfy Home's net cash from operating activities?
Find the final temperature : A 38 g block of ice is cooled to -84 ?C. It is added to 579 g of water in an 73 g copper calorimeter at a temperature of 22?C. Find the final temperature.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate degree of operating leverage for both companies

Calculate the degree of operating leverage for both companies. Calculate the break-even point in $ for each company. Which company has the higher break-even point? Why?

  Prepare entry closing all nominal accounts to fund balance

The City Hall Debt Service Fund of the City of Monroe has been open for five years; it was created to service an $16,000,000, 3 percent tax-supported bond issue. As of December 31, 2014, this serial bond issue had a balance of $12,000,000.  The fisca..

  What is the payback period for the cash flows

Consider the cash flows year 0 -7400, year 1 2100, year 2 4700, year 3 1900, year 4 1600. What is the payback period for the cash flows?

  Explain how must dermot account for the change to the equity

If Dermot achieves significant influence with this new investment, explain how must Dermot account for the change to the equity method?

  Three products based on relative sales

Fixed expenses consist of $299,900 of common costs allocated to the three products based on relative sales, and additional fixed expenses of $29,700 (Tingler), $79,500 (Shocker), and $34,300 (Stunner).

  The bonds are classified as held-to maturity

On Jan 1, 2010, Morgan Company acquires 300,000 of Nicklaus, Inc, 9% bonds at 278,384. the interest is payable each December 31, and the bonds mature Dec 31, 2012. the investment will provide Morgan Company a 12% yield. The bonds are classified as..

  Prepare a consolidation worksheet

ACCT302 Advanced Financial Accounting Assignment. Give all eliminating entries needed to prepare a consolidation worksheet for 20X9 assuming that Pie Co. uses the fully adjusted equity method to account for its investment in Strawberry Company

  Cost on the balance sheet

inventory method reports the most up-to-date cost on the balance sheet

  What is the company cost of goods sold

What is the company's cost of goods sold? A company has $4,500 in net sales, $3,200 in gross profit, $1,300 in ending inventory

  What must the interest rate be

Your goal Today, you deposit $10,000. You make an additional 5 yearly deposits growing at 5 percent. What must the interest rate be?

  Probability of auditassess the probability of an audit in

probability of auditassess the probability of an audit in each of the following independent situationsas a result of a

  First two interest periods using effective-interest method

On March 1, 2014, Oaken Furniture Co. issued $700,000 of 10 percent bonds to yield 8 percent. Interest is payable semiannually on February 28 and August 31. The bonds mature in 10 years. Oaken Furniture Co. is a calendar-year corporation. Determine t..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd